Russia FX/Rates Snapshot - December 2, 2021. Ruble Gains Erased Yesterday, Geopolitics in Spotlight Today
The ruble has strengthened to 73.95 this morning as global market sentiment has improved, boosted by reports that current vaccines help against the most severe cases of the new coronavirus strain. Today, the focus will be on the Lavrov-Blinken talks. Yesterday, both officials made rather harsh comments. Still, if the outcome today is positive and the parties set a date for a new Putin-Biden summit, the ruble should advance. If there is no progress made, the ruble looks set to weaken back above 74. Attention will also be on the OPEC+ decision on production in the coming months.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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